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Analysts Raise 2021 Oil Price Forecast

Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021.
Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021, the company’s latest oil price outlook report has revealed.
The analysts now see Brent averaging $66 per barrel this year, up from the forecast of $64 per barrel made in the group’s previous oil price report, which was released back in March.
“The forecast implies a rest of year average of around $68 per barrel, broadly flat from spot,” the analysts stated in the May report, which was sent to Rigzone on Thursday. ....

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Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies

Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies
Sunday, May 2, 2021 6:00PM IST (12:30PM GMT)
To Help Infrastructure Projects in Asia Manage Risks and Avoid Delays, Meet Demand for New Construction

Exton, Pa., United States:

Bentley Acceleration Initiatives today announced the acquisition of Chennai, India-based Nadhi Information Technologies Pvt. Ltd., a specialist in project controls, analytics, and decision support for construction supply chains. Nadhi serves some of India’s leading construction sector participants, including contractors Larsen & Toubro and Kalpataru Power Transmission Ltd., real estate developers Mahindra Lifespaces and RMZ, and owner-operators DMRC (Delhi Metro) and Welspun Enterprises. Founded in 2008, Nadhi was incubated in the IIT Madras Research Park with advisors from the IIT Madras Building Technology an ....

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Malaysia's household spending expected to make a slow recovery in 2021, according to Fitch Solutions | Malaysia

Friday, 30 Apr 2021 02:18 PM MYT
BY DANIAL DZULKIFLY
People shop for groceries at the Jalan Othman wet market in Petaling Jaya April 20, 2021. Picture by Miera Zulyana
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KUALA LUMPUR, April 30 Malaysian household spending is expected to make a slow recovery in 2021 and beyond as the movement control order (MCO) is still in effect in the country due to rising Covid-19 cases, according to Fitch Solutions Country Risk and Industry Research (Fitch Solutions).
The Fitch Solutions Group unit had previously forecasted that real household spending would grow 11 per cent year-on-year back in January of this year. ....

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Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies

Press release content from Business Wire. The AP news staff was not involved in its creation.
Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies
April 28, 2021 GMT
EXTON, Pa. (BUSINESS WIRE) Apr 27, 2021
Bentley Acceleration Initiatives today announced the acquisition of Chennai, India-based Nadhi Information Technologies Pvt. Ltd., a specialist in project controls, analytics, and decision support for construction supply chains. Nadhi serves some of India’s leading construction sector participants, including contractors Larsen & Toubro and Kalpataru Power Transmission Ltd., real estate developers Mahindra Lifespaces and RMZ, and owner-operators DMRC (Delhi Metro) and Welspun Enterprises. Founded in 2008, Nadhi was incubated in the IIT Madras Research Park with advisors from the IIT Madras Building Technology and Construction Management faculty and the Lean Construction Institute. ....

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Fitch Solutions: Singapore to remain politically stable despite disruption to leadership renewal

SINGAPORE, April 10 (Bernama): Fitch Solutions Country Risk & Industry Research does not see material risks arising from the disruption to the leadership transition plans of People’s Action Party (PAP).
In its just published outlook for Singapore, the unit of Fitch Group said it continues to expect Singapore to remain one of the most politically stable markets in the world over the coming quarters.
It maintains its Short-Term Political Risk Index score at 95.2, out of 100, for the republic, which remains the best score in Asia and one of the highest scores globally.
The outlook comes just after Deputy Prime Minister Heng Swee Keat announced on Thursday that he had decided to step aside as leader of PAP’s fourth-generation (4G) team. Heng was appointed PAP’s first assistant secretary-general in 2018, an indication that he is the frontrunner to be Singapore s next prime minister. ....

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